I LOVE the Stock Market, because I love to predict what companies/products/industries are going to become more popular/profitable or vice versa. I never felt like I had any $ to spare to invest and I didn't know how to go about doing it anyway. Several years ago I wandered into a Dean Witter office in Santa Barbara, got assigned to a Broker who asked me a few questions about what I wanted to do, I gave him a small amount of $, he invested it, I stopped giving him $ after a month or two, and cashed out. Sad ending. So, since the stock market is so low right now, I thought it'd be an interesting time to get back in the game. I went to www.ETrade.com, transferred $50 from my bank account, waited 5 business days for it to process, bought 5 shares of AIG and 15 shares of Sirius Satelitte Radio, partially because I think the companies have potential and partially because they were the only stocks I like that are less than $2 a share with no minimum purchase, unlike Google, Steel, Petroleum, Apple Computers, Dollar Store, Whole Foods, Water Co., Apartment Prop. Management Co.'s, Payday Advance Stores, CVS, Biotechnology, Garmin, etc. where it's $20-$350 a share and sometimes $450 and up minimum purchase. The only major flaw I found so far is that ETrade charges $12 per buy/sell, so it's not obviously not wise to buy $25 of stock from 2 companies total and spend approx. $25 to do it [$12 per buy per company]..... it's obviously better to buy the max [say, $250 or whatever] of stock and spend that same approx. $25 [$12 service charge for each company x 2 companys = $24] to do it. Unfortunatly, I don't have any money to invest, but I just wanna learn and see what I can do with $50 here and there. It's a way to financially support the companies I love too, in my own small way.
Love, Lis'
Showing posts with label petro. Show all posts
Showing posts with label petro. Show all posts
Friday, April 3, 2009
Subscribe to:
Posts (Atom)